12:46 PM EST, 02/27/2025 (MT Newswires) -- (Updates with recent stock price movement in the headline and first paragraph.)

Vertex (VERX) shares were down over 16% in recent Thursday trading after the company issued Q1 revenue guidance shy of consensus forecasts compiled by FactSet.

The company reported Q4 non-GAAP earnings of $0.15 per diluted share, up from $0.13 per share a year earlier.

Analysts polled by FactSet expected $0.14.

Revenue for the quarter ended Dec. 31 was $178.5 million, up from $154.9 million a year earlier.

Analysts surveyed by FactSet expected $176.9 million.

The company said it expects Q1 revenue of $175 million to $178 million. Analysts polled by FactSet expect $180.3 million.

The company said it expects full-year 2025 revenue of $760 million to $768 million. Analysts surveyed by FactSet expect $764 million.

Price: 35.60, Change: -7.03, Percent Change: -16.49